Cboe, the options and derivatives exchange based in
Chicago, is launching its market for bitcoin futures
Sunday.

Cboe Global Markets' bitcoin futures market will go live Sunday,
but some Wall Street banks don't plan to get involved, according
to a report by
The Wall Street Journal.

The futures market, which Cboe has been planning for more than
six months, will allow investors to bet on the future price of
bitcoin. Investors in the market won't have to actually touch the
red-hot coin, known for its spine-tingling volatility.

Still, that doesn't appear to have mollified the anxieties of
Bank of America Merrill Lynch and Citigroup. The two firms will
not offer clients access to Cboe's bitcoin futures market on
Sunday, according to the Journal, citing people familiar with the
matter. Meanwhile, Morgan Stanley and Societe Generale, a
French bank, are still considering entering the market for their
clients.

A spokesperson for Cboe declined to tell The Journal which banks
were participating in the market on Sunday.

Banks have had a less favorable view of cryptocurrencies than
Wall Street exchanges. JPMorgan CEO Jamie Dimon famously called
bitcoin a "fraud." Goldman Sachs CEO Lloyd Blankfein said in
November his firm was in no rush to develop a strategy on
bitcoin, according to a Bloomberg News report.